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Chipotle is paying its employees' college. Here are 15 major companies that will help you pay for school.

Oct 17, 2019, 01:04 IST

Hollis Johnson/Business Insider

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  • Chipotle just announced it will offer free tuition to employees who have worked at the company for 120 days or more.
  • Other major companies across the country offer some sort of college-tuition reimbursement program.
  • Verizon employees are eligible to receive up to $8,000 per year of tuition reimbursement.
  • Visit Business Insider's homepage for more stories.

There's no doubt about it: college is expensive, and student-loan debt is higher than ever.

But the good news is, depending on where you work, it could come a lot cheaper - if not almost free.

Chipotle recently announced it would offer free tuition for all employees who have worked at the company for 120 days or more. Workers can choose business and technology degrees from schools like the University of Arizona or Bellevue University.

Many other companies around the country provide their employees with tuition assistance.

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From Starbucks to Chipotle to Fidelity Investments, here are 15 companies that help their employees get a degree.

Melina Glusac wrote a previous version of this article.

Chipotle will offer free tuition for all employees who have worked at the company for 120 days

The next time you're paying extra for quac, remind yourself that the money is going toward Chipotle's tuition assistance program.

The food chain has a separate partnership with Guild Education, and the perks are available to both part- and full-time employees. These include tuition assistance, discounted classes, and credit for on-the-job training.

Part-time UPS workers can get up to $25,000 to attend school.

Through its Learn & Earn program, part-time employees can earn up to $5,250 in assistance per year, and up to $25,000 total.

And Learn & Earn has a high retention rate — according to their website, over 70% of UPS employees started out as hourly part-time employees. And what's more, UPS claims to have invested over $200 million in tuition assistance for approximately 120,000 college students since the program was launched in 1999.

Wells Fargo reimburses employees up to $5,000 per year for for eligible tuition expenses.

Wells Fargo is the third-largest bank in the US, and it strives to treat its "team members" with benefits, a 401(k) plan, and up to $5,000 in annual tuition reimbursement.

The bank also offers scholarships to employee children as well, ranging from $1,000 to $3,000.

Smucker's offers reimbursement for continued college courses.

Next time you're enjoying a jar of Smucker's strawberry jelly, consider looking into a job at The J.M. Smucker Company, one of America's most iconic companies.

According to their website, Smucker's offers reimbursement for continued college courses, as long as they've been approved by the company. They also offer a scholarship program for 10 employee kids a year, for $3,000 each.

Starbucks employees working part- or full-time receive 100% tuition coverage for a bachelor’s degree through Arizona State University.

If you're working 20 hours a week in any US company store and you don't have a bachelor's degree, you're eligible for The Starbucks College Achievement Plan.

This program began in 2014 and is a partnership with Arizona State University. It covers tuition in full until you graduate from ASU's high-ranking online degree program.

Walmart and Sam's Club workers can get 15% of their entire college tuition covered.

If you work at Walmart (or Sam's Club) and you register for courses at American Public University or American Military University, you (plus eligible family members) could receive a grant that covers up to 15% of your entire tuition.

Verizon employees are eligible to receive up to $8,000 per year of tuition reimbursement.

In addition to being one of America's top mobile phone companies, Verizon offers a great reimbursement package. According to their website, they doled out a total of $77 million in tuition assistance to their employees in 2017.

Bank of America reimburses eligible employees up to $5,250 for job-related courses.

Bank of America's program can cover not just tuition, but also textbooks and other educational expenses.

Fidelity Investments employees can get up to $10,000 in assistance per year.

Fidelity Investments also offers a generous tuition assistance program.

With the approval of a supervisor, as well as proof of coursework at an accredited university or college, a Fidelity employee can get up to $10,000 in assistance per year.

Comcast employees going to school get reimbursed $5,250 annually.

According to the NBCUniversal program, students can get up to $5,250 annually if they are eligible for the Leader Development Grant Program. Additionally, Comcast employees get reduced payments on internet and cable, which could help any cash-strapped college student.

Disney hourly employees can take online college courses for free.

Disney Aspire is a company initiative that offers tuition reimbursement to its employees up front.

Disney invested $50 million to the program in 2018. More than 80,000 hourly employees will be eligible for Aspire's perks, which encompass assistance toward high school diplomas, college courses, and even vocational skills.

Best Buy employees can even get graduate degrees partly reimbursed.

Best Buy's tuition assistance program allows full-time employees who have worked at least six months to get up to $3,500 per year for their undergrad studies, and up to $5,250 for graduate studies.

AT&T workers can get up to $20,000 of their undergraduate degree covered.

AT&T gives full-timers up to $5,250 a year towards their education, with a lifetime cap of $20,000 for undergrads, and $25,00 for graduate programs.

Oracle offers tuition reimbursement to global employees.

Oracle, the computer technology company based in Redwood City, California, offers $5,250 in tuition reimbursement annually. They have branches around the country (and world), so no matter your location, you might have the opportunity to be reimbursed for school.

BP covers nearly all tuition for its full-time employees.

BP covers full-time employees' education costs up to 90%. Talk about a fuel-provider.

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